The Trust Protocol

We’re excited to announce a new partnership between 6lock and qashqade—two platforms focused on different, but deeply connected, parts of the private markets operating stack. At a high level, this partnership is about strengthening capital integrity across the full lifecycle of fund activity—from how amounts are calculated to how money is ultimately authorized and moved.

As we look toward a new year, I’m reminded of something a PE firm shared with me recently. Each December, they gather their leadership team together to explore one powerful question: “What process caused the most trouble for our people this year — and what can we do to make next year better for our team and our clients?”

As 2025 speeds to a close, we’ve been reflecting on hundreds of conversations we’ve had with private equity and fund administration teams all year — and the common thread that stood out: Leading private equity players see the industry’s money movement problem clearly, and they’re no longer willing to tolerate it.